Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : The Electric Car, or MPG "what me worry?" -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (359)	9/19/2008 9:45:19 AM
From: Eric	Respond to of 17577

Personally I don't think we will find very much oil off of our shores. When you study the geology of these areas there are only a few areas with productive resources worth drilling for. The very deep water areas like Brazil are going to be much harder to develop than people realize. All of the big, deep water rigs are being used and to build more will take many years and many billions of dollars. To get a handle on this problem you have to study the history of petroleum production in the world. Drilling on land 60 years ago was dirt cheap compared to drilling in deep water.. In other words.. where did we find oil 60 years go compared to where we find it today? regards